OKX, the second-largest crypto exchange, has launched a new feature called ‘Nitro Spreads’ on its institutional Liquid Marketplace. This feature allows traders to execute complex basis trades with just one click. Basis trading involves trading the price difference between an asset on two separate markets, and when done correctly, it can generate returns. However, managing both legs of the trade simultaneously can be challenging. Nitro Spreads automates this process, leveraging OKX’s liquidity and low latency for maximum user benefit. Unlike other basis trading tools in the crypto market, Nitro Spreads executes both legs of the trade through a central orderbook, eliminating leg risk. Traders can also select a guaranteed spread to mitigate unexpected price slippage. OKX invites institutional traders to try Nitro Spreads and enhance their trading strategies. The OKX Liquid Marketplace provides access to deep institutional liquidity and offers various crypto trading strategies. OKX is committed to transparency and security and publishes its Proof of Reserves monthly.
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